UiPath Inc.
- Open
- 10.52
- Day high
- 11.04
- Day low
- 10.48
- Prev close
- 10.68
- Volume
- 64.2M
- Mkt cap
- $5.7B
- P/E (TTM)
- 18.0
- EPS (TTM)
- $0.60
- P/B
- 3.0
- P/S
- 3.4
- Yield
- —
- Per share
- —
UiPath Inc. (PATH) is a Technology company listed on NYSE. The stock is down 14% over the past year. Drillr has 1 published research article covering PATH.
UiPath Inc. (PATH) financials & analyst ratings
Fundamentals (TTM)
Analyst consensus · 6 analysts
Source: exchange market data + company filings. Figures are trailing-twelve-month or as most recently reported. For informational purposes only — not investment advice.
PATH earnings date, history & EPS estimates
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| May 28, 2026 | $0.15 | $0.15 | +0.0% | $418M | +5.2% |
| Mar 11, 2026 | $0.26 | $0.30 | +17.4% | $481M | +22.4% |
| Dec 3, 2025 | $0.15 | $0.16 | +8.7% | $411M | +4.7% |
| Sep 4, 2025 | $0.08 | $0.15 | +87.5% | $362M | -7.3% |
| May 29, 2025 | $0.10 | $0.11 | +7.7% | $357M | +7.3% |
| Mar 12, 2025 | $0.19 | $0.26 | +36.8% | $424M | -0.4% |
| Dec 5, 2024 | $0.07 | $0.11 | +57.1% | $355M | +2.0% |
| Sep 5, 2024 | $0.03 | $0.04 | +22.1% | $316M | +4.1% |
| May 29, 2024 | $0.12 | $0.13 | +11.8% | $335M | +0.6% |
| Mar 13, 2024 | $0.15 | $0.22 | +46.7% | $405M | +5.6% |
| Nov 30, 2023 | $0.07 | $0.12 | +71.4% | $326M | -15.1% |
| Sep 6, 2023 | $0.03 | $0.09 | +161.9% | $287M | +1.8% |
PATH insider trading activity (SEC Form 4)
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| Jun 29, 2026 | Yang Junedirector | Grant | 19,175 | — |
| Jun 29, 2026 | Springer Daniel D.director | Grant | 19,175 | — |
| Jun 29, 2026 | Gordon Michael Lawrencedirector | Grant | 19,175 | — |
| Jun 29, 2026 | Terrell Karenann Kdirector | Grant | 19,175 | — |
| Jun 29, 2026 | Wong Richdirector | Grant | 19,175 | — |
| Jun 29, 2026 | Botteri Philippedirector | Grant | 19,175 | — |
| Apr 7, 2026 | Malpani Raghavendraofficer: CPO & CTO | Tax | 8,378 | $11.10 |
| Apr 7, 2026 | Malpani Raghavendraofficer: CPO & CTO | Grant | 159,125 | — |
| Apr 7, 2026 | Malpani Raghavendraofficer: CPO & CTO | Tax | 25,836 | $11.10 |
| Apr 1, 2026 | Gupta Ashimofficer: COO & CFO | Tax | 49,063 | $11.10 |
| Apr 1, 2026 | Brubaker Bradofficer: GC & Chief Legal Officer | Grant | 157,208 | — |
| Apr 1, 2026 | Ramani Hiteshofficer: Chief Accounting Officer | Grant | 123,466 | — |
| Apr 1, 2026 | Ramani Hiteshofficer: Chief Accounting Officer | Tax | 5,289 | $11.10 |
| Apr 1, 2026 | Ramani Hiteshofficer: Chief Accounting Officer | Tax | 17,974 | $11.10 |
| Apr 1, 2026 | Brubaker Bradofficer: GC & Chief Legal Officer | Tax | 24,842 | $11.10 |
Source: PATH SEC Form 4 filings, latest Jun 29, 2026. For informational purposes only — not investment advice.
See the full PATH insider & 13F page →UiPath Inc. company profile
Overview
UiPath Inc. (NYSE:PATH) is a leading robotic process automation (RPA) software company founded in 2005 by Romanian entrepreneurs Daniel Dines and Marius Tîrcă in Bucharest, Romania. The company went public in April 2021 and is now headquartered in New York, New York. UiPath has grown from a small Romanian startup to become one of the dominant players in the enterprise automation software market, serving over 10,750 customers globally including major banks, healthcare systems, government agencies, and Fortune 500 companies across industries.
Business
UiPath operates in the robotic process automation (RPA) industry, which is part of the broader enterprise software automation market. RPA technology enables organizations to create software "robots" that can mimic human actions on computer systems to automate repetitive, rule-based business processes. Think of it as creating digital workers that can log into applications, move files, fill in forms, extract and process data, and perform other routine tasks that would otherwise require human intervention. The company's core offering is the UiPath Business Automation Platform, an end-to-end suite of integrated software tools that allows organizations to discover, build, manage, run, and govern automated processes. The platform includes several key components: UiPath Studio (a low-code development environment for building automations), UiPath Orchestrator (centralized management and deployment), UiPath Robots (the execution engines that perform the actual work), and various AI-powered capabilities for document processing and process mining. Recently, UiPath has expanded beyond traditional RPA into what it calls "agentic automation" - a more advanced form of automation that incorporates artificial intelligence agents capable of making decisions and handling more complex, multi-step processes. This includes new products like Agent Builder and Agentic Orchestration that allow customers to create and manage AI-powered agents alongside traditional RPA robots. The company also offers professional services including training, implementation support, and maintenance services to help customers adopt and optimize their automation initiatives. UiPath serves customers across multiple industries, with particular strength in banking, healthcare, financial services, manufacturing, and government sectors.
Revenue model
UiPath operates on a software-as-a-service (SaaS) subscription model, generating revenue primarily through annual recurring revenue (ARR) contracts. Customers pay subscription fees based on the number of robots (automation executions) they deploy, the platform capabilities they use, and the scale of their automation programs. The company offers both cloud-hosted and on-premises deployment options, with cloud ARR growing rapidly at over 50% year-over-year and now representing more than half of total ARR. The company's revenue comes from three main sources: 1) Software licenses and subscriptions (the vast majority of revenue), which include platform access, robot licenses, and various automation tools; 2) Professional services including implementation, training, and consulting; and 3) Maintenance and support services. UiPath targets enterprise and mid-market customers, with over 2,290 customers spending more than $100,000 annually and 317 customers exceeding $1 million in annual spending. Several factors influence UiPath's margins and profitability. Positive factors include the company's high software gross margins (around 89%), the sticky nature of automation investments once deployed, expansion opportunities within existing customer bases, and the shift toward higher-margin cloud offerings. The company benefits from network effects as customers typically expand their automation programs over time, driving dollar-based net retention rates of around 110-118%. Margin pressures come from intense competition in the RPA space from companies like Microsoft Power Automate, Automation Anywhere, and Blue Prism, as well as the significant sales and marketing investments required to acquire enterprise customers. Macroeconomic uncertainty has also led to longer sales cycles and more scrutiny of large automation investments. Additionally, the company's heavy investment in AI and agentic automation capabilities requires substantial R&D spending that pressures near-term margins.
Competitive moat
UiPath's competitive moat is moderately strong but faces increasing pressure from both traditional competitors and new AI-native entrants. The company's primary moat stems from its platform ecosystem and switching costs. Once enterprises deploy UiPath's automation platform across multiple departments and processes, replacing it becomes costly and disruptive due to the need to rebuild automations, retrain users, and integrate with existing systems. The company benefits from network effects within customer organizations - as more departments adopt UiPath's platform, the value increases through shared automation libraries, centralized governance, and cross-functional process orchestration. UiPath's extensive partner ecosystem with major system integrators like Deloitte, Accenture, and EY also provides distribution advantages and makes it harder for customers to switch to alternative platforms. However, UiPath's moat faces significant challenges. Microsoft's Power Automate represents a major competitive threat, as it's bundled with Microsoft Office 365 and provides "good enough" automation capabilities for many use cases at a lower cost. The rise of AI-powered automation tools and large language models also threatens to commoditize some of UiPath's differentiated capabilities. The company is attempting to strengthen its moat through its pivot to agentic automation, positioning itself as the "Switzerland of agents" that can orchestrate both its own and third-party AI agents across complex enterprise processes. This strategy leverages UiPath's existing customer relationships and platform infrastructure, but success depends on execution and whether customers view agentic capabilities as sufficiently differentiated from emerging AI alternatives. The automation market's rapid evolution toward AI-native solutions creates both opportunity and existential risk for UiPath's traditional RPA-based moat.
Risks & safety
UiPath maintains a strong financial position with minimal solvency risk, though profitability remains inconsistent. • Cash and liquidity: $879 million in cash and short-term investments with minimal debt (debt-to-equity ratio of 4.2%), providing substantial runway • Cash generation: Positive free cash flow of $306 million for FY2025, demonstrating the business model's cash-generative potential despite GAAP losses • Current ratio: 2.93x indicates strong short-term liquidity to meet obligations • Profitability concerns: GAAP net loss of $74 million in FY2025, though improving from larger losses in prior years; EBITDA remains negative at -$163 million • Valuation metrics: Trading at 37.8x P/E ratio based on Q4 positive earnings, but negative EBITDA makes traditional metrics challenging; price-to-book of 4.2x suggests premium valuation • Revenue stability: ARR model provides predictable revenue base of $1.67 billion with 110% net retention rate indicating customer expansion • Other considerations: High customer concentration risk with enterprise focus, ongoing competitive pressures requiring continued R&D investment, and execution risk around agentic automation strategy
Recent development
Over the past few years, UiPath has undergone significant strategic transformation and leadership changes. In early 2024, founder Daniel Dines returned as CEO, replacing Rob Enslin, with a mandate to refocus the company on customer-centricity and operational execution. This leadership change coincided with a major strategic pivot toward agentic automation - moving beyond traditional RPA to incorporate AI agents that can make decisions and handle more complex processes. The company has launched several key innovations including Agent Builder (a low-code platform for creating AI agents), Agentic Orchestration (for managing workflows between robots and agents), and Autopilot (AI-powered development assistance). UiPath also acquired Peak AI to accelerate development of specialized vertical agents for specific industries and use cases. Operationally, UiPath has undertaken significant go-to-market restructuring, simplifying its sales model and creating a customer-centricity office to improve execution. The company has also strengthened key partnerships, particularly with SAP, Microsoft, and Deloitte, while achieving FedRAMP authorization to expand in the government sector. The strategic focus has shifted toward cloud-first offerings, with cloud ARR now exceeding $975 million and growing over 50% annually. UiPath is also introducing new consumption-based pricing models for its agentic capabilities, moving beyond traditional per-robot licensing to value-based pricing that reflects the business impact of automation initiatives.
PATH company profile · for informational purposes only — not investment advice.
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